In this article, we are going to discuss the 10 best clean energy stocks to buy according to billionaires.
The current overall bearish trend has also dealt a massive blow to the energy sector, which fell by more than 15.7% over the last five days, against a decline of less than 10% by the overall market. This is despite the fact that energy commodities were exempted from President Trump’s sweeping new tariffs – a clear tactic to keep energy inflation in check and in-line with his broader aim to keep energy prices low. The biggest reason for this is the prevailing anxiety about what these tariffs will do to economic growth and, hence, the power demand. The decline in energy stocks also indicates that the market is not expecting any reindustrialization of America to happen in the near term, which appears to be the President’s key aim behind his upending of the entire global trade system.
READ ALSO: 12 Best Nuclear Power Stocks To Buy Now
That said, the global renewable energy industry is growing at a record pace as the world moves ahead with its energy transition to mitigate the impacts of climate change. According to the International Renewable Energy Agency, the global renewable power capacity reached 4,448 gigawatts (GW) in 2024, with an addition of 585 GW just last year. This represented a 92.5% share of the total capacity expansion during the year and marked a record 15.1% rate of annual growth.
The American clean energy sector has kept up with this explosive growth and brought online 48.2 GW of capacity from utility-scale solar, wind, and battery storage in 2024, according to research organization Cleanview. Renewables are set to continue this momentum, and the US Energy Information Administration expects the share of new power capacity to come online this year from renewables and batteries to jump to 93%.
One sector that has particularly garnered accelerated investor interest over the last year is nuclear energy. The International Energy Agency recently revealed that nuclear is set to generate a record level of electricity in 2025. Moreover, on the sidelines of the CERAWeek conference in Houston last month, several major corporations even signed a pledge to support the goal of at least tripling the world’s nuclear energy capacity by 2050.
Another sector that has performed exceptionally well is that of energy storage, which set a new record with 12.3 GW of installations across all segments in the US last year. According to the American Clean Power Association, the industry is on a path to surpass 100 GW of grid-scale storage deployed by 2030. However, the country’s rapidly expanding sector now faces a serious threat since over 90% of lithium-ion energy storage cells deployed in the US storage market last year originated from China, according to Rho Motion, a data research company.
Despite the Trump administration’s best efforts to hamper its growth, the clean energy sector continues to be backed up by an increasing number of hedge funds and billionaires. A great example is how Berkshire Hathaway Energy, a wholly-owned subsidiary of Warren Buffett’s Berkshire Hathaway, has invested over $40 billion in wind, solar, and hydroelectric projects and operates one of the largest renewable energy portfolios in America.
With that said, here are the Best Clean Energy Stocks to Invest in.
Our Methodology
To collect data for this article, we scanned Insider Monkey’s database of billionaires’ stock holdings and picked the top 10 companies operating in the renewable energy sector with the highest number of billionaire investors in the Insider Monkey database in Q4 of 2024. When two or more companies had the same number of billionaires backing them, we ranked them by the revenue of their last financial year. Following are the Best Clean Energy Stocks According to Billionaires.
At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Brookfield Renewable Corporation (NYSE:BEPC)
Number of Billionaire Investors: 6
Brookfield Renewable Corporation (NYSE:BEPC) is one of the world’s largest owners, operators and developers of renewable power, with $52 billion of power assets under management. Its diversified portfolio consists of hydroelectric, wind, solar, distributed energy and sustainable solutions across five continents.
Brookfield Renewable Corporation (NYSE:BEPC) delivered an EPS of -$0.06 in Q4 2024, beating market estimates by $0.33. However, the company’s revenue of $1.43 billion fell short of expectations by $21.1 million, despite being up by 8.24% YoY. BEPC also reported 10% FFO per unit growth in 2024 and expects to maintain this growth rate for years to come. Brookfield currently boasts an annual dividend yield of 5.85% and aims to continue increasing its high-yielding dividend at a 5% to 9% annual rate.
Brookfield Renewable Corporation (NYSE:BEPC) has a massive backlog of development projects around the globe and ended the year with an eye-watering 200 GW of projects under development, including 65 GW in its advanced-stage pipeline. The company also signed a multibillion-dollar deal with Microsoft last year to deliver over 10.5 GW of new renewable energy capacity between 2026 and 2030 to the tech giant in the US and Europe.
9. Daqo New Energy Corp. (NYSE:DQ)
Number of Billionaire Investors: 7
Daqo New Energy Corp. (NYSE:DQ) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Based in China, the company has a total polysilicon nameplate capacity of 305,000 metric tons and is one of the world’s lowest-cost producers of high-purity polysilicon.
Daqo New Energy Corp. (NYSE:DQ) beat forecasts in Q4 2024 as its adjusted EPS of -$2.56 was above market estimates by $0.99. The company’s revenue of $195.36 million, though down by over 59% YoY, also topped expectations by $41.82 million. Moreover, DQ reached an annual polysilicon productive volume of 205,068 metric tons in 2024, meeting its guidance of 200,000 metric tons to 210,000 metric tons and up 3.7% compared to 2023. Despite the losses, the firm maintained strong liquidity and ended 2024 with a balance of quick assets of $2.2 billion, which can be readily converted to cash if required.
Daqo New Energy Corp. (NYSE:DQ) is one of the most efficient polysilicon producers in the world, having achieved its cost advantages through innovation and disciplined management. This positions the company to capitalize on the next cyclical upswing, as supply diminishes due to the consolidation in the market while the global demand for polysilicon grows at a projected 12.8% annually.
Daqo New Energy Corp. (NYSE:DQ) is included among the 10 Best Solar Stocks to Buy in 2025.
8. Ormat Technologies, Inc. (NYSE:ORA)
Number of Billionaire Investors: 8
Ormat Technologies, Inc. (NYSE:ORA) is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation, as well as Energy storage solutions. Ormat’s current 1,100 MW generating portfolio is spread globally in Kenya, Guadalupe, Guatemala, Indonesia, Honduras, and the United States.
Ormat Technologies, Inc. (NYSE:ORA) reported mixed results in Q4 2024 as its adjusted EPS of $0.72 beat expectations by $0.22. However, the company’s revenue of $230.74 million fell below estimates by $4.35 million. Ormat’s cash flow from operations increased by 32.8% YoY to $411 million, allowing it to announce a quarterly dividend per share of $0.12 in February. Moreover, the company expects to pay a quarterly dividend of $0.12 per share in each of the next three quarters.
Ormat Technologies, Inc. (NYSE:ORA) recently revealed that it has secured two 15-year tolling agreements for energy storage facilities in Israel with a combined capacity of around 300 MW/1200 MWh. The projects are expected to begin commercial operations in 2028, further solidifying Ormat’s position in the energy storage sector.
7. Enphase Energy, Inc. (NASDAQ:ENPH)
Number of Billionaire Investors: 8
Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world’s leading supplier of micro inverter-based solar and battery systems. The company has shipped approximately 80 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries around the world.
Enphase Energy, Inc. (NASDAQ:ENPH) outperformed estimates in Q4 2024 as its adjusted EPS of $0.94 managed to beat consensus by $0.19. The company’s revenue of $382.71 million, besides being up by 26.5% YoY, also managed to top expectations by $5.21 million. ENPH generated a free cash flow of $159.2 million in Q4 2024 and ended the year 2024 with cash, cash equivalents, restricted cash, and marketable securities of $1.72 billion. The company remains committed to its shareholders and repurchased approximately $199.7 million worth of its shares in Q4 2024, with a remaining $398 million authorized for further share repurchases.
Enphase Energy, Inc. (NASDAQ:ENPH) announced this month that it has launched the IQ System Controller in France and the Netherlands, further bolstering its footprint in Europe. This was followed by the company’s announcement of production shipments of its newest electric vehicle (EV) charger, the IQ EV Charger 2, in 14 European markets last month.
Enphase Energy, Inc. (NASDAQ:ENPH) ranks among the 10 Best Climate Change Stocks to Buy Now.
6. Clearway Energy, Inc. (NYSE:CWEN)
Number of Billionaire Investors: 8
Next on our list of the Best Clean Energy Stocks is Clearway Energy, Inc. (NYSE:CWEN), a leading integrated clean energy company with the 5th largest renewable operating fleet in the US. The company’s portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states.
Clearway Energy, Inc. (NYSE:CWEN) had a tough Q4 2024 as its EPS of $0.03 fell significantly below estimates of $0.33. The company’s revenue of $256 million also missed expectations by $43.73 million. However, the company continues to expand and is committed to approximately $450 million of new long-term corporate capital investments in 2024 while bringing online over 1 gigawatt of renewable power generation and energy storage capacity. CWEN announced earlier this year that it has also invested around $270 million to upgrade a wind farm in South Texas, increasing its capacity to 160 MW.
Despite a net loss of $63 million in 2024, Clearway Energy, Inc. (NYSE:CWEN) remains financially strong and reported a Cash Available for Distribution (CAFD) of $425 million at the end of the year, exceeding its guidance of $395 million. The company has raised its dividend by 1.7% to $0.424 and expects to increase its dividend by 5% to 8% in the coming years.
5. Sunrun Inc. (NASDAQ:RUN)
Number of Billionaire Investors: 9
A home solar panel and battery storage company, Sunrun Inc. (NASDAQ:RUN) is America’s leading provider of clean energy as a subscription service. The company announced last summer that it is the first and only storage-plus-solar company to surpass 1 million customers, firmly establishing its position as the largest developer of residential clean energy systems in the US.
Sunrun Inc. (NASDAQ:RUN) reported an adjusted EPS of $1.41 in Q4 2024, far above the market expectations by $1.6. However, the company’s revenue of $518.5 million fell below estimates by $22.56 million. Sunrun grew its customer base by 12% during the quarter and also hit all-time highs for storage attachment rates and capacity installed. The company generated $34 million in cash in Q4 and paid down $132 million of recourse debt with excess cash.
Sunrun Inc. (NASDAQ:RUN) continues to expand its position in the energy storage industry and expects its installed storage capacity to be in a range of 265-275 megawatt hours in the first quarter of 2025, representing approximately 30% growth YoY at the midpoint. Moreover, the company aims to further bolster its balance sheet with expected cash generation to be in a range of $200 to $500 million, with a target to further pay down $100 million or more in recourse debt during the year.
4. First Solar, Inc. (NASDAQ:FSLR)
Number of Billionaire Holders: 15
First Solar, Inc. (NASDAQ:FSLR) is a leading American solar technology company and global provider of responsibly produced, eco-efficient solar modules. FSLR is unique among the ten largest solar manufacturers in the world for being the only US-based company and not manufacturing in China.
First Solar, Inc. (NASDAQ:FSLR) reported a revenue of $1.51 billion in Q4 2024, up 30.7% YoY and above market expectations by $33.54 million. However, the company’s EPS of $3.65 missed estimates by $1.08. Net sales for FY 2024 were $4.2 billion compared to $3.3 billion in the prior year, primarily driven by a higher volume of modules sold to third parties. Meanwhile, cash flows from operations were $1.2 billion in 2024 compared to $0.6 billion in 2023, and FSLR ended the year with a $1.2 billion net cash balance, up from $0.7 billion in the prior quarter.
First Solar, Inc. (NASDAQ:FSLR) is expecting to increase the company’s global nameplate manufacturing capacity to over 25 gigawatts by 2026 and is currently constructing a $1.1 billion manufacturing facility in Louisiana. The company has also come out as a clear winner from President Trump’s latest series of tariff announcements since its domestic production saves it from the wrath of a 54% tax on all Chinese imports.
3. PG&E Corporation (NYSE:PCG)
Number of Billionaire Holders: 16
Next on our list of the Best Renewable Energy Stocks is PG&E Corporation (NYSE:PCG), which provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California. The company delivers some of the country’s cleanest electric power, and its retail customers received 100% greenhouse gas-free electricity in 2023.
PG&E Corporation (NYSE:PCG) reported an adjusted EPS of $0.31 in Q4 2024, in-line with market expectations. However, the company’s revenue declined by 5.82% YoY during the quarter and missed market expectations by over $587 million. PCG is guiding for $1.50 EPS this year, with projected 10% annual growth – an exceptional rate for a utility, given that most of its competitors have only projected an EPS growth of 5%-8%. The company has also more than doubled its operating cash flow from 2022 and generated $8 billion in 2024. The utility firm remains committed to its shareholders, aiming to achieve a dividend payout ratio of 20% of its core earnings per share by 2028 with consistent annual increases.
PG&E Corporation (NYSE:PCG) added nearly 14,000 new customers to its electric grid system in 2024 and is now aiming to take full advantage of the data center boom, with a target to serve approximately 5.5 gigawatts of new data center energy demand over the next decade, with 1.4 GW currently in final design and projected to come online by 2030.
2. Constellation Energy Corporation (NASDAQ:CEG)
Number of Billionaire Holders: 17
Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the United States. The company boasts approximately 34.2 gigawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets.
Constellation Energy Corporation (NASDAQ:CEG) reported better-than-expected results in Q4 2024 as its adjusted EPS of $2.44 topped estimates of $2.14. The company’s revenue of $5.38 billion was also above expectations by $633.73 million. CEG also continues to expand its footprint and announced in January that it had agreed to acquire natural gas and geothermal company Calpine Corp for a net purchase price of $26.6 billion, marking one of the biggest acquisitions in the country’s power industry. The company remains committed to its shareholders and bought back $1 billion of its common stock last year, in addition to increasing its annual dividend by 25%. It now expects to grow its yield by another 10% in 2025.
Constellation Energy Corporation (NASDAQ:CEG) announced the signing of a 20-year power purchase agreement with Microsoft in Q4 2024 to help resurrect a unit of the Three Mile Island nuclear plant and power its AI data center. It is estimated that Microsoft might pay the power company about $110-$115 per megawatt hour (MWh) as part of the 20-year-long fixed price PPA, contributing significantly to its future earnings and cash flow.
1. NextEra Energy, Inc. (NYSE:NEE)
Number of Billionaire Holders: 17
Topping our list of the Best Clean Energy Stocks to Invest in is NextEra Energy, Inc. (NYSE:NEE), the world’s largest generator of renewable energy from the wind and sun and a global leader in battery storage. It is also the owner of the Florida Power & Light Company – America’s largest electric utility, which benefits greatly from Florida’s famous sunshine and growing population.
NextEra Energy, Inc. (NYSE:NEE) had a mixed Q4 2024 as its adjusted EPS of $0.53 was in-line with market expectations. However, the company’s revenue of $5.39 billion was down 21.7% YoY and missed estimates by a significant $2.53 billion. NEE managed to increase its FY 2024 adjusted EPS by over 8% compared to the previous year, and since 2021, the company has delivered compound annual growth and adjusted EPS of over 10%, which is the highest among all top 10 power companies. NextEra continues its focus on expansion and has announced plans to invest roughly $120 billion across the US in the next four years, allowing it to grow its combined fleet to roughly 121 gigawatts.
NextEra Energy, Inc. (NYSE:NEE) grew its cash flow from operations by more than 17% in FY 2024 and raised its quarterly dividend by 14% to $0.5665 per share in February. This move marked 29 consecutive years of consistent dividend growth for NEE, placing it among the 15 Best Dividend Aristocrat Stocks with Over 3% Yield.
Overall, NextEra Energy, Inc. (NYSE:NEE) ranks first on our list of the best clean energy stocks to buy according to billionaires. While we acknowledge the potential of renewable energy stocks , our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NEE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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